Pimco may end certain money outflows

|By:, SA News Editor

Pimco may be about to put a stop on an outflow of certain funds after parent company Allianz (AZSEY) saw Pimco's operating profit slump by more than one fourth in Q1.

Allianz has called on its subsidiary to prove it can stem the outflows after they dented their own earnings.

"Pimco may be about to end a net outflow of client funds that reached €22B ($30B) in the first quarter," says chief exec Douglas Hodge.